Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    118 Madison St Allentown, PA 18102-3760
    Back to Search
    Property profile & analytics

    118 Madison St, Allentown, PA 18102-3760

    View on Map
    • Residential income homes
    • 1,988 SF
    • 0.05 lot acres
    Off-Market
    Last Sale Oct 16, 2024
    $230,500
    Property ID
    US73-4382492
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carson Shelton / Hardware & Home Improvement / General Contractor

    Property Details for 118 Madison St

    Year built
    1900
    Construction
    BRICK
    Lot size
    0.05 lot acres
    Zone code
    R-MH
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    549679068705-1
    APU
    5496790687051

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 16, 2024 $230,500 Mlg Enterprise U S Bank Trust NA Special Warranty Deed —
    Dec 16, 2016 $1,675 Lsf9 Master Participation Trust Sheriff Of Lehigh County|barruos,josefina & Luis M Trustees Deed · related —
    Nov 15, 2005 $147,000 Josefina Barruos Miguel Reyes Deed $118k · New Century Mortgage Corp
    Jun 6, 2005 $88,000 Miguel Reyes Federal National Mortgage Associati Deed $70k · Americas Wholesale Lender
    Dec 9, 2004 — Fannie Mae Sheriff Of Lehigh County Trustees Deed · related —
    Nov 19, 2004 — Owner Name Unavailable Boyadjian,antranik Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4861
    Latitude
    40.6005
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,543
    $6,900
    $71,200
    $78,100
    -
    $6,900
    $71,200
    $78,100

    Comparable in this City

    • Value Estimation by Request
      1,596 SF

      215 Chew St

      APARTMENT HOUSE (UNDER 5 UNITS)
      215 Chew St, Allentown, PA 18102-3515
      View Details
    • Value Estimation by Request
      3,128 SF

      453 6th St

      APARTMENT HOUSE (UNDER 5 UNITS)
      453 6th St, Allentown, PA 18102-2972
      View Details
    • Value Estimation by Request
      2,460 SF

      110 Sycamore St, Unit 112

      APARTMENT HOUSE (UNDER 5 UNITS)
      110 Sycamore St, Allentown, PA 18102-5133
      View Details
    • Value Estimation by Request
      2,556 SF

      214 Jordan St

      APARTMENT HOUSE (UNDER 5 UNITS)
      214 Jordan St, Allentown, PA 18102-3070
      View Details
    • Value Estimation by Request
      3,824 SF

      123 11th St

      APARTMENT HOUSE (UNDER 5 UNITS)
      123 11th St, Allentown, PA 18102-3842
      View Details
    • Value Estimation by Request
      2,206 SF

      615 Frnt St

      APARTMENT HOUSE (UNDER 5 UNITS)
      615 Frnt St, Allentown, PA 18102-5124
      View Details

    Similar Nearby for Sale

    • New
      $575,000
      4,220 SF

      Mixed-Use Investment Opportunity

      Corner property with pizzeria, and two apartments in Allentown.
      500 W Gordon St, Allentown, PA 18102
      View Details
    • Contact for pricing
      6,052 SF

      Multifamily Property with Garage Rentals

      Five units with four garage rentals, strong income potential.
      542 N 6Th St, Allentown, PA 18102
      View Details
    • $849,000
      0.07 Acres

      Renovated Mixed-Use Asset, Allentown City

      Fully renovated, income-producing mixed-use asset in Allentown City, PA.
      1502 W Chew St, Allentown, PA 18102
      View Details
    • New
      $599,900
      0.02 Acres

      Allentown City Multifamily Investment Opportunity

      Portfolio of five occupied homes for sale in Allentown City.
      117 Ridge Ave, Allentown, PA 18102
      View Details
    • $1,395,000
      7,076 SF

      Turnkey Multifamily Investment Opportunity

      Six-unit multifamily property with strong rental income in Allentown, PA.
      732 W Tilghman St, Allentown, PA 18102
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      44,997 SF

      Allentown City Commercial Opportunity

      Former self-storage facility suitable for warehouse or mixed-use development.
      615 N New St, Allentown, PA 18102
      View Details
    • $1,800 /Mo
      2,091 SF

      Allentown Retail Space For Lease

      Retail space in downtown Allentown near new developments.
      937 W Walnut St, Allentown, PA 18102
      View Details
    • $15,000 /Mo
      218,671 SF

      Allentown City Commercial Outdoor Storage

      Five-acre commercial land available for outdoor storage and parking.
      183 Sumner Ave, Allentown, PA 18102
      View Details
    • Contact for pricing

      Allentown Retail Space for Lease

      Retail space in Allentown, PA, ideal for various businesses.
      322 Ridge Ave, Allentown, PA 18102
      View Details
    • Contact for pricing

      Downtown Allentown Retail/Office Space

      Street retail/office space in Downtown Allentown near new developments.
      937 W Walnut St, Allentown, PA 18102
      View Details
    • New
      $12 SF/Yr
      7,187 SF

      Warehouse and Office Flex Space

      Lease a two-level layout with warehouse area below and three private offices upstairs, plus a drive-in bay door.
      921 W Washington St, Allentown, PA 18102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    118 Madison St
    Allentown, PA 18102-3760
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    118 Madison St, Allentown, PA, 18102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!